Trump Accounts: Here's how the new program for babies works

The federal government has opened registration for a new initiative that aims to build savings for the next generation.

Trump Accounts launch for U.S. newborns
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The federal government officially opened registration for a new program giving $1,000 to qualifying babies. FOX 10's Andrew Christensen has more on the "Trump Accounts."

Trump Accounts officially launches for children
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There is now a new way for parents to invest in their children's future, as Trump Accounts went live on July 6, with a goal of helping Americans build wealth from an early age. Reporter Rebekah Castor has more.

Trump Accounts for kids launch July 4: How to get $1,000

Trump Accounts, a new initiative to boost babies' financial independence later in life, kicks off on Independence Day.

More young adults living with parents, even after finding a job, new report shows

A new report shows that nearly a third of young adults still live at home, despite the fact that many of them, especially those between 25 and 34, are employed.

Beware of the ticking time bomb hiding in your 401(k)

401(k) savers face a major financial risk from required minimum distributions that could push them into higher tax brackets and increase Medicare premiums in retirement.

New report reveals where Americans carry the most credit card debt

Americans owe a record $1.35 trillion in credit card debt, and a new WalletHub analysis shows that some cities are carrying significantly higher balances than others.

Social Security: New report paints dire picture
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A new report released by Social Security trustees is painting a dire picture for the program. It finds that unless Congress make some chances, seniors will see an automatic 22% cut to their month benefits by 2032.

Here's how much it costs to own a dog or cat in 2026

If it feels like caring for your pet has gotten a lot more expensive lately, you’re not alone: the cost of dog and pet parenthood has risen 15% over the past year.

These cities are seeing the largest jump in auto loan debt—see the list

A new WalletHub analysis found that Americans collectively owe about $1.7 trillion in auto loan debt, with the average household carrying nearly $14,000.

Trump Accounts: What's next to get $1,000 for your child

The Treasury Department is preparing to deposit $1,000 into “Trump Accounts" for babies soon. Parents need to take certain steps so they’re able to receive the money.

Is cheap gas bad for your car?

As gas prices soar, are the cheapest gas stations OK for your car? We talked to an expert to find out.

Arizona summer electricity bills to rise: Tips and financial aid options

Summer utility bills are expected to strain Arizona household budgets as extreme heat approaches. The Arizona Corporation Commission is offering energy-saving tips & financial assistance resources to help keep homes cool and manage costs.

Americans turning to installment plans to skip credit cards, live comfortably

More than a quarter of Americans sometimes or often turn to buy-now-pay-later purchase plans when shopping online and many of them are doing so to avoid racking up credit card debt, a new study finds.